Financial Supervisory Authority of Norway finds limited IFRS 18 impact disclosures among listed companies ahead of January 2027 implementation

The Financial Supervisory Authority of Norway has found that many listed companies provide little concrete information about how International Financial Reporting Standard 18 (IFRS 18) will affect their financial statements. Its thematic review of annual and interim reporting by 50 randomly selected listed companies found that more than half provided no information on expected effects or only standard disclosures in their 2025 annual reports. Only 42% provided company-specific information, few quantified the expected effects, and just 8% updated their impact disclosures in their 2026 half-year reports. The standard, incorporated into Norwegian law in July 2026, takes effect on Jan. 1, 2027, introducing new financial statement presentation and disclosure requirements. The findings suggest that disclosures may not adequately reflect information companies already know or can reasonably estimate, or that some companies have not progressed sufficiently with implementation. Under International Accounting Standard 8, paragraphs 30–31, companies must disclose the effects of published accounting standards that are not yet effective. The authority expects relevant, company-specific information and requires companies to provide new information in interim financial statements as it becomes available. By the time companies publish their 2026 annual financial statements, IFRS 18 will already be effective, and the authority expects them to know and disclose its effects so investors can prepare for the changes.